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62-64 W Antietam St
Hagerstown, MD 21740 City Square

$1,000,000 USD

Apartments For Sale  •  8,175 SF

Property Details

• Property Type Apartments
• Total Building Size 8,175 SF
• Lot Size 0.25 AC
• Building Class C
• Year Built 1900
• Cap Rate 5.74 %
• Zoning C3

30 Transit Score

60 Walk Score

Highlights

Renovated in 2021, the property features 11 1BR/1BA units, 1 2BR/1.5BA unit, and a ground-floor retail suite that provides diversified cash flow.

Currently 77% occupied, the property offers an immediate opportunity to increase net operating income through lease-up & operational stabilization.

Below-market in-place rents provide the ability to capture market-to-market upside as leases roll.

Located at the intersection of Maryland, Pennsylvania, and West Virginia, Hagerstown offers exceptional regional access via 1-81.

Hagerstown continues to attract investment in logistics, warehousing, light manufacturing, and last-mile distribution due to its strategic location.

The property is positioned 1 block from Meritus Park, Hagerstown's new AAA baseball stadium, and adjacent to ongoing mixed-use and entertainment.

Cap Rate:

5.74 %

Amenities

• 24 Hour Access
• Air Conditioning
• Tenant Controlled HVAC
• Heating
• Kitchen
• Oven
• Tub/Shower
• Online Services
• Walk-Up
• Smoke Detector

Public Transportation

Airport	Drive	Walk	Distance
Hagerstown Regional/Richard A Henson Field	10 min	-	4.9 mi